The Department of Justice has tentatively settled a lawsuit against the National Association of Realtors regarding barriers to the public's access to regional MLS sites. The settlement should provide consumers with greater access to a wider range of MLS data. The floodgates to more industry innovation are likely to open up with the settlement of this dispute. You can learn more by going to http://www.inman.com/news/2008/05/28/industry-reacts-doj-vs-nar-settlement-proposal
Everyone is on a holding pattern of deciding whether we have hit bottom and it’s been a national pastime with people debating across the states as to when the housing market will turn.
Well, the stats are in and we have at least some support from the University of Nevada, Reno’s Center for Regional Studies that reports we are again, for the third month in a row seeing sales of existing homes in Washoe County, up 39.6% in April from March. Yes, median home prices in April of 07 were… Continue
I did not know that I was heading into the horizon until I got a complementary issue of AARP sent to me. I called around to see if others had got a freebie and was briskly advised that this was for people over 50…Oh my gosh, it’s a way too official notification for me!
Anyway, the aging population is gaining speed and enterprising people are seeing the opportunity to cash in on all the baby boomers. I’ve seen it in a provacative ads with those youngish, greyish, hippish models… Continue
In a collateral agreement, the Governor’s for California and Nevada, Schwarzenegger and Gibbons have officially declared a State of Emergency for the Tahoe Basin. Although it sounds forbidding there’s real benefits for the Lake Tahoe region and citizens.
Resources, lots of financial resources are going to become available to take care of the fire danger which is eminent and in addition the money will generate the much needed and continual clean up from the Angora Fire last… Continue
Okay, this is just pure YouTube fun. One of the great things about living in Reno (seriously) is the parade of aging hipsters that perform in town. Here's a clip from the front row of the recent Rush concert:
We have some bizarre artsy stuff too (I mean, come on, Burning Man happens just a short drive from here). Check out the fire spinning show downtown:…
Over the past few months, there had consistently been around 135 single family homes listed in Tahoe Donner. Just in the past couple weeks, we have noticed quite an increase in the inventory. There are currently 158 active listings for single family homes in Tahoe Donner. 23 homes are under contract. The number of pending listings is also fairly consistent and has stayed right around 22 for the past few months. 6 homes sold in the last week with the… Continue
I’ve been in Oregon for the Memorial Weekend, hunting down some deals and I am circling back to Reno again because of our future. Sure, I can buy property in my favorite Oregon place, Running Y Ranch, and build a few specs there. It’s way cheaper to own and build but fewer and fewer people are jumping the border these days from Nevada. We have property up there which we love and will keep but I’m not buying more. I can speculate right here in Reno where there is industry, jobs, expansion and… Continue
The S&P 500 stock index finished the Friday before Memorial Day in calendar year 2000 at 1378. Now 8 years later, the index closed at 1376 last Friday, a change of just 2 points over the entire 8-year period (i.e., the change measured is the movement of the raw index and does not include the impact of dividends). The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: BTN Research
Yes, it's that time of year again! The mountain biking terrain park opened yesterday for the 2008 season. They have the gondola open up to mid-mountain with newly buffed out trails. The upper mountain is still closed due to the odd snow patch here and there...but should be opening soon. I rode there yesterday for the opening day and the conditions were sweet! The sky was a little overcast, some drizzle mixed with hail, making for nice tacky, grippy muck...the perfect ingredients for Tahoe… Continue
It is totally official, the Incline Lake Corporation has agreed to sell the famous enclave lake and lands above Incline that hosted the famous likes of Bill Lear of Lear Jet, U.S. Chief Justice Earl Warren and Max Fleishchmann and other billionaires or government officials.
I can remember as a kid that no one was allowed to step foot on the ranch, but the lake was so tempting to young fishermen that high school students would sneak in the wee hours to catch and release those phantom… Continue
Okay, think you're a savvy real estate professional? What's a "seper addnd. req," and what's wrong with it?
In a nutshell, it's an addendum developed by some bonehead agent for his/her bank REO clients that allows the seller to continue marketing its property for sale to others AFTER entering into a contract to purportedly sell. And if the seller finds another buyer willing to pay more, it can accept the second buyer's higher offer and UNILATERALLY excise itself from the original… Continue
There’s a small research and development company in Reno living in the Museum Towers downtown that are creating high frequency medical and non-medical applications that are soon to be rocking the world one called the Pin-Scan.
This is a firm that started out in a garage here by Scott Armstrong eight years ago and is now a finalist for the prestigious Frost & Sullivan Award for “Hot Investment Opportunity.” We will be waiting for the final decision in June.
After a whirl wind tour going to Boston for the Secondary Marketing Convention, a meeting of the top Mortgage Industry Executives, Investors, and Government I found this article from our own RGJ and thought I would shed some light on this.
Just like the FHA stimulus, it is going to take the investors, (Wall Street), sometime to put a risk matrix together for the new policy. If you look back it took about 30 to 45 days for the investors digest the information and get the pricing out… Continue
The North Valleys are going flush with H2O, a gift from Washoe County of sorts to the 16,000 homeowners that live there or will be living there in the future. The project involves bringing water from the Fish Springs Ranch in a 28.6 mile pipeline that will pump over 8,000 acre feet of water to us. The first flow is geared for January 2008 at a cost of $45K per acre-foot, this confirms that water is king in Nevada and we need to watch over these resources. The project has taken over 20 years to… Continue
Although proper interior design is important when selling your home, with the amount of inventory available today it is almost imperative. Using modern design ideas will allow buyers to visualize their new life in your home.
Thought some of you NON-agents would get a chuckle out of this one
Page B5 of today’s RGJ - see the advertisement by two Incline Village [”IV”] Intero agents [Davidson & O’Donnell] - states as follows:
“Market Update…The Housing Crisis is Over…it is very likely that April 2008 will mark the bottom of the U.S. housing market…Translation for the Tahoe [IV] Market. This is the ultimate buyer’s market. Call us now while home property prices are within… Continue
Wow, there is going to be a revolution. USA Today reported that the city of Minneapolis and three other cities have unleased the lawyers and are going after the bankers. This is ground breaking and pioneer lawyering to say the least and it will be interesting to see the outcome. At stake are thousands of properties that are idling waiting for a new owner, tenant or just being torn down in the inner hoods of also Cleveland, Buffalo, St. Paul and Baltimore.